Bank Of Canada - BOC

What Does Bank Of Canada - BOC Mean?
The central bank of Canada, that came into existence after the passing of the Bank of Canada Act in 1935, influences the country's economy and money supply.

Investopedia explains Bank Of Canada - BOC
The biggest tool at the BOC's disposal is the short-term lending rate (overnight rate) between banks. The Bank of Canada also manages government debt as well as issues new currency.

Filed Under: Banking, Economics, Forex

Related Terms

Bank For International Settlements - BIS
Central Bank
Federal Reserve Bank
Interest Rate
Monetary Policy
Money Supply
Ontario Securities Commission - OSC
Overnight Rate
More Related Terms

Related Links

What Are Central Banks? - They print money, they control inflation, and much, much more. All you need to know about central banks is here.
Formulating Monetary Policy - Learn about the tools the Fed uses to influence interest rates and general economic conditions.
Compare Local Interest Rates - Search and compare the best checking and savings rates nationwide from Bankrate.com. Click Here!
Tax-Saving Tips For Canadian Taxpayers - Find out how to get a bigger return.
Bank of Canada - The official site.

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